The Modi government has proposed that the RBI board draft regulations that will enable it to set up committees to monitor tasks such as financial stability, monetary policy transmission and foreign exchange management.

Showering praise on Finance Secretary Hasmukh Adhia, who retires on November 30, Finance Minister Arun Jaitley Saturday said he was a no-nonsense civil servant who performed his job with professionalism.

The move won't need actual cash infusion but only an accounting entry in banks, a process which has been used before as well by the government to increase capital adequacy ratios in banks.

The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.

Should discussions between the government and RBI break down, the former may choose to invoke Section 7 of the Reserve Bank of India Act, 1934, according to a RBI board member.

The commemorative Rs 75 coin will be made out of 50 per cent silver, 40 per cent copper, and 5 per cent each of nickel and zinc, and will weigh 35 grams.